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1 min read
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 mil…
Jennifer Sor
2 mins read
IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption
The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.
Yuheng Zhan
1 min read
India will be the largest source of oil-demand growth for the next 7 years, IEA says
The nation's oil demand is expected to increase by 1.2 million barrels a day by 2030, roughly a thi…
Aruni Soni
4 mins read
Climate crisis: Net zero goal still alive, says IEA
Globally, the rate at which people are installing solar panels and buying electric vehicles is "per…
PTI
2 mins read
Global fossil fuel demand is likely to peak this decade as the clean energy economy grows, IEA says
The clean energy sector has struggled recently, but remains "the most dynamic aspect of global ener…
Aruni Soni
2 mins read
Another Russian energy war is a real threat to Europe, IEA warns
A colder winter and lower gas exports from Russia could leave the European Union vulnerable, the In…
Filip De Mott
1 min read
Oil markets could shift into surplus in early 2024 as demand growth slows and non-OPEC+ producers lead supply growth, IEA says
Oil supply is booming, especially from non-OPEC+ countries, and it will encounter slowing demand ne…
Aruni Soni
1 min read
High fuel prices cause OPEC to slash its forecast for oil demand growth in 2023, report says
The cartel sees demand growing by 2 million barrels per day or less next year, down from growth of …
Brian Evans
2 mins read
Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says
By 2050, the energy group said, fossil fuel demand would have to tumble by 80% to achieve the lates…
Phil Rosen
2 mins read
The IEA will release oil stockpiles in an effort to stem surging prices, new report says
The International Energy Agency, which is comprised of 30 countries, will release 60 million barrel…
Matthew Fox
1 min read
Oil demand will hit a new record in 2023, driving up prices as supply declines, IEA says
Oil demand could jump to 101.9 million barrels a day in 2023, with more than half of that stemming …
Jennifer Sor
1 min read
Russia is exporting the most oil since invading Ukraine as Moscow has little trouble finding willing buyers, IEA says
"Russia seems to have few problems finding willing buyers for its crude and oil products," IEA said…
Carla Mozée
1 min read
China's economic rebound will push global oil demand to an all-time in 2023, IEA says
"Two wild cards dominate the 2023 oil market outlook: Russia and China," according to the Internati…
Phil Rosen
1 min read
High fuel prices are dampening demand more than expected but the oil market is 'walking a tightrope,' IEA says
"As an EU embargo on Russian oil is set to come into full force at the end of the year, the oil mar…
Brian Evans
3 mins read
Natural gas prices are straining economies and industries around the world, and experts say the global supply crunch won't get much better
Natural gas has shifted from a reliable and cheap source of energy to expensive and hard to come by…